First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading Down 3% – Here’s Why

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s stock price fell 3% during trading on Monday . The stock traded as low as $53.53 and last traded at $53.57. 6,190 shares were traded during trading, a decline of 72% from the average session volume of 22,135 shares. The stock had previously closed at $55.24.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The stock’s fifty day simple moving average is $52.85 and its two-hundred day simple moving average is $48.94. The stock has a market capitalization of $111.36 million, a P/E ratio of 12.90 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.2761 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.03%.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

A number of institutional investors and hedge funds have recently bought and sold shares of QABA. Cambridge Investment Research Advisors Inc. bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at about $1,710,000. Private Advisory Group LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the third quarter valued at approximately $1,428,000. International Assets Investment Management LLC boosted its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% in the third quarter. International Assets Investment Management LLC now owns 16,395 shares of the company’s stock valued at $867,000 after acquiring an additional 16,085 shares during the last quarter. Signet Financial Management LLC increased its position in First Trust NASDAQ ABA Community Bank Index Fund by 2.9% during the 1st quarter. Signet Financial Management LLC now owns 9,086 shares of the company’s stock valued at $423,000 after purchasing an additional 257 shares during the period. Finally, Virtu Financial LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 1st quarter worth approximately $391,000.

About First Trust NASDAQ ABA Community Bank Index Fund

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.